Watch out for crypto, my people! 🚨 If you're involved in the world of currencies, this is very important to you.

Attention,💥 This Thursday we woke up with the cryptocurrency market upside down. The main digital currencies are experiencing a significant drop, and experts are already sounding the alarms: is this the end of the rally that altcoins (those alternative coins to Bitcoin that were skyrocketing) have been having? 📈

It turns out that XRP and ADA (Cardano) are leading this drop, with double-digit declines for XRP and a 7.69% drop for ADA in the last 24 hours, according to CoinMarketCap. A hard blow for those who expected the 'altcoin season' to continue! 💔

The Altcoin Season Index from BlockchainCenter plummeted from 69 to 41 points in a single day. This means that Bitcoin is regaining lost ground and its dominance over the rest of the market now exceeds 62.07%. Although Bitcoin is also retreating, its decline is much softer than that of its 'sister' altcoins. 📊

But why this sudden correction? 🤔 Although there is no single clear reason, one of the main suspicions is the uncertainty with the SEC (the U.S. Securities and Exchange Commission) and the approval of cryptocurrency exchange-traded funds (ETFs). Recently, the SEC approved such a fund, but almost immediately retracted it and put it under review! 🤯 This shows that there are still many internal doubts about the inclusion of cryptocurrencies in the traditional stock market, and that uncertainty is taking a toll on investor optimism.

According to Alex Kuptsikevich from FXPro, in a report from Barron's, Bitcoin is consolidating in a range, and that lack of upward momentum is now affecting altcoins. It seems that the market needs a breather to decide its next move! 🧘‍♀️

So, what awaits us? Will the altcoin rally return or are we on the brink of a period of strong retracements? The truth is, in the crypto world, everything can change in a second. 🚀

So stay tuned! This digital roller coaster has us all glued to the screen. Do you think altcoins will recover or are we witnessing the beginning of a deeper correction? Share your opinion! 👇$BTC $SOL $XRP